President Andres Manuel Lopez-Obrador has pushed an economic agenda that prioritizes the “rescue” of state oil company Pemex. The transition to renewable sources of energy, however, demands increased scrutiny of the government’s plans.
México es un país rico en recursos que ha dependido históricamente del petróleo. Su riqueza petrolera, sin embargo, parece ser una carga: el mayor actor del sector, Petróleos Mexicanos (Pemex), es la compañía petrolera de propiedad nacional más endeudada del mundo.
To achieve essential climate goals, governments and companies must complement electrification policies with enhanced commitments to more transparency across the battery supply chain and better governance in the countries that produce battery minerals.
It is critical to address the impacts of the much-needed low-carbon transition on the livelihood of the world’s millions of oil workers and their communities. Implementing a just transition for workers will not be easy, but it is imperative for governments in oil-exporting emerging economies to begin planning now.
The world’s determination to fight climate change and green the energy mix is a concern for large Middle Eastern oil exporters, which sit on massive proven hydrocarbon reserves. The risk of such assets becoming stranded and losing value is high, with significant consequences for these poorly diversified economies.
Stakeholders in resource-rich countries deserve timely information on the social and economic implications of fundamental changes unfolding in the extractive sector, especially those related to the energy transition.
The road to oil and gas riches is rapidly narrowing for some new producers. The crash in prices, triggered by the coronavirus pandemic, creates specific challenges for a group of "prospective producer" countries in sub-Saharan Africa.
The coronavirus pandemic and the collapse in the oil price are testing precarious economic models in the Middle East and North Africa (MENA). But if countries in the region deprioritize the diversification of their energy mixes they will miss out on the long-term opportunities renewables can bring.
For many developing counties, natural gas offers promise. There can be hidden costs to gas, however, as experiences in Ghana and Algeria show. Although certainly not without challenges of its own, renewable energy may help countries in similar situations better manage their energy use and revenue.